Stable Currency Key to Iraq’s Success
Posted on 30 November 2011.
At the ‘Iraq: Untapped Opportunities’ conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani, said he expects Iraq’s rate of economic growth to increase in the coming years, partly as a result fo the country’s “generous benefits, guarantees and exemptions”.
He said that the country has averaged 7% growth per annum over that past four years, and now boasts a GDP of approximately $150 billion [180 trillion Iraqi dinars].
The Deputy Prime Minister cited a stable currency relative to the US dollar as one of the reasons for Iraq’s progress.
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